Genesis' crypto lending unit, which had $2.8B in active loans in Q3, suspends redemptions and new loan originations; trading and custody units are unaffected — The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022.
Everything we know about FTX's collapse: losses are likely >$15B, trades became increasingly risky, SBF was erratic, rash, and relied on stimulants, and more — If you want to read a poorly researched fluff piece about Sam Bankman-Fried, feel free to go to the New York Times (PDF).
An independent audit shows the Luna Foundation Guard spent $2.8B in crypto and Terraform Labs spent $613M trying to defend the UST stablecoin in May 2022 — Terraform Labs founder Do Kwon dismissed similarities with the collapse of FTX. — Luna Foundation Guard (LFG) …
German, French, and Norwegian data authorities warn against Qatar's World Cup app Hayya and infection-tracking app Ehteraz, citing privacy and security concerns — Two World Cup apps pose serious privacy and security risks, European privacy regulators say.
Tencent reports Q3 revenue down 2% YoY to ~$19.8B, below ~$20B estimates, and plans to distribute most of its ~$20B Meituan stake to shareholders as a dividend — Tencent Holdings (0700.HK) on Wednesday said it would distribute most of its stake worth $20.3 billion in food delivery firm Meituan …
Some local people in Veldhoven, a small town in the Netherlands, worry that critical semiconductor component maker ASML is growing too big, too fast — This article is part of an occasional series about the New Geography of Technology. Read earlier installments on Milan, Tel Aviv, Shanghai and Las Vegas.
Meir Orbach / CTech : Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; ...
